Calculate what $860 would grow to at 7% per year compounded daily for 9 years. (Use the Table 12 2) (Round your final answer tothe nearest cent.)Answer is complete but not entirely correct.Amount3 2.403 000 Complete the following using compound future value. (Use the Table provided.) (Round your answers to the nearest cent.)Answer is complete but not entirely correct.Principal$ 16,200CompoundedTimeRateAmountInterest14 yearsAnnually32,074.8915.874.89

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Calculate what $860 would grow to at 7% per year compounded daily for 9 years. (Use the Table 12.2) (Round your final answer to the nearest cent.) Answer is complete but not entirely correct. Amount $2,403.00 O

Calculate what $860 would grow to at 7% per year compounded daily for 9 years. (Use the Table 12.2) (Round your final answer to the nearest cent.) Answer is complete but not entirely correct. Amount $2,403.00 O

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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ou have discovered an investment opportunity that earns a 3% rate of interest compounded semiannually. What amount should you deposit today to have $7000 in three years? (Use spreadsheet software or a financial calculator to calculate your answer. Do not round any intermediary calculations, and round your final answer to the nearest dollar.) $6400 $6370 $6406 $6402
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